There is less than 20 minutes until the deadline for CBS and Time Warner Cable to end the fight over "retransmission fees," CNBC's Julia Boorstin has the details. Bill Hague, Frank N. Magid Associates, and Justin Nielson, SNL Kagan, discuss how they see this playing out.

Netflix holds a video discussion after the company reported its Q2 earnings, with CEO Reed Hastings and CFO David Wells. The call is moderated by Rich Greenfield of BTIG Research, and CNBC's Julia Boorstin, who ask questions submitted via email or Twitter.